REG - Hellenic Dynamics - Further re: Winding-Up Petition

Hellenic DynamicsAnnouncement

12/02/2025 17:45

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RNS Number : 9193W  Hellenic Dynamics PLC  12 February 2025

12 February 2025

 

Hellenic Dynamics plc

 

("Hellenic Dynamics" or the "Company")

 

Further re: Winding-Up Petition

 

Hellenic Dynamics Plc (LSE: HELD), a medical cannabis cultivator focussed on
producing medical cannabis flowers for global markets announces that further
to the announcement made earlier today the petition issued by Tomasz Dulak for
the winding up of the Company was granted notwithstanding the Directors
producing affidavits that the Company had never dealt with the Petitioner in
any capacity and that his claim was based upon losses that he had personally
incurred whilst speculatively trading in the Company's shares.

The Directors have taken immediate action to have the judgement set aside for
the reasons set out above and are confident that their application will be
granted.

In their announcement of earlier today the Directors said that:

"They do not believe that the Company is responsible for re-imbursing the
petitioner for the losses that he is claiming given he is not a trade creditor
of the Company and is looking to recover, from the Company, losses that he
suffered by reason of speculative trading of its shares."

and they confirm that this remains their considered belief based upon the fact
that, prior to Mr Dulak threatening to issue proceedings, there had been no
communication between him and the Company in any form and that the Court's
decision was made in error.

The Directors also announce that the Company's discussions regarding
approaches that it has received in relation to the Company's  re-financing
are progressing.

 

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the
Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication
of this announcement, this information is now considered to be in the public
domain.

 

 

The Directors of the Company take responsibility for this announcement.

 

Enquires:

 

 Hellenic Dynamics Plc                +44 (0)7469845941

 Davinder Rai                         info@hellenicdynamics.com (mailto:info@hellenicdynamics.com)

 Cairn Financial Advisers LLP         +44 (0)20 7213 0880

 Emily Staples / Jo Turner

 Peterhouse Capital - Brokers         +44 (0)20 7469 0930

 Lucy Williams / Charles Goodfellow

 

Caution regarding forward looking statements

 

Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'', ''could'', "should" ''envisage'',
''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect",
''will'' or the negative of those, variations or comparable expressions,
including references to assumptions. These forward-looking statements are not
based on historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of operations,
performance, future capital and other expenditures (including the amount,
nature and sources of funding thereof), competitive advantages, business
prospects and opportunities. Such forward looking statements reflect the
Directors' current beliefs and assumptions and are based on information
currently available to the Directors.

 

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